Avenue Lofts Sold in Fourth Major Downtown Austin Condo Buyout
https://austin.towers.net/avenue-lof...-condo-buyout/
Downtown Austin condo community Avenue Lofts has sold to local real estate developers Wilson Capital, according to the firm. This five-story, 38-unit building at 410 East Fifth Street, originally built as state offices in 1943 and adapted for condo use in the late 1990s, has been recently marketed as a prime location for new tower development — its 0.8-acre half-block site is unconstrained by Capitol View Corridors or other height restrictions, with a potential floor area ratio of 25 to 1 allowing a new building of approximately 883,000 square feet.